Finally read the article

This issue is for fleet operators overextending themselves buying too many cars, and probably collateralizing debt off of them

Additionally, resale market demand and price discovery is one thing, but it really sounds more like the primary market is overvalued

And this aspect just made me lol

> 3-year-old EVs lost more than half of their value compared with 39% for gas cars.

so around 50% as opposed to around 40%. wow. stop the presses.